Barchart Van Meerten Speculative Portfolio Changes

This past week I made some deletions to the Speculative Portfolio.  These were not all out sells to dump stocks.  I watch to see if the stock is trading below its 20, 50 and 100 day moving averages and if it has dropped 10% off its recent high.  Another indicator is the 50-100 Day MACD Oscillator.

I watch and evaluate each stock on an individual basis.  I come back in when I think market conditions are right for upside potential.  Usually that is when at least 50% of all the stocks in the Barchar database are trading above their 20 and 50 day moving averages.

As I am writing this article only 15.45% are above their 20 DMA and only 12.44% are above their 50 DMA.

I own:

• FSRL First Reliance Bank
• FNRN First Northern Comm Bank
• STBMY St Babara

I sold:

• ABCD Cambian Learning
• AXTI AXT
• BOCH Bank of Commerce
• CACD Cascade Bancorp
• CNTY Century Casinos
• EVSNF Eglit Vision Systems
• GROC Gradac Favo AD Kladovo
• IFAN IFAN Financial
• JE Just Energy
• MPUFC Monte Porcupine Mining
• ONVC OnLine Vacations
• PGNT Paragon Tech
• PRMO Primo Water
• SCMR Sycamore Networks
• SGSVF Sabina G&S

Some Penny Stocks

This week I added some penny stocks that came up on my screeners to the Barchart Van Meerten Speculative portfolio.  Added were Federal National Mortgage Association (FNMFN), Telkonet (TKOI), Just Energy Group (JE) , First Reliance Bank of SC (FSRL) and Online Vacation Center (ONVC).

Federal National Mortgage Association (FNMFN)

Barchart technical indicators:

• 72% Barchart technical buy signals
• 40.03+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 6.48% in the last month
• Relative Strength Index 54.57%
• Barchart computes a technical support level at 8.9876
• Recently traded at 9.2000 with a 50 day moving average of 8.7216

Telkonet (TKOI)

Barchart technical indicators:

• 40% Barchart technical buy signals
• 54.41+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 12.21% in the last month
• Relative Strength Index 56.82%
• Barchart computes a technical support level at .2379
• Recently traded at .2637 with a 50 day moving average of .2360

Just Energy Group (JE)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 63.00+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 23.52% in the last month
• Relative Strength Index 69.88%
• Barchart computes a technical support level at 7.00
• Recently traded at 7.32 with a 50 day moving average of 6.13

First Reliance Bank of SC (FSRL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 71.90+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 7.29% in the last month
• Relative Strength Index 68.75%
• Barchart computes a technical support leve at 5.1500
• Recently traded at 5.1500 with a 50 day moving average of 4.6512

Online Vacation Center (ONVC)

Barchart technical indicators:

• 56% Barhart technical buy signals
• 69.71+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 34.41% in the last month
• Relative Strength Index 56.97%
• Barchart computes a technical support level at .9433
• Recently traded at 1.2500 with a 50 day moving average of 1.1003